Cemtrex Inc. [CETX] moved down -6.68: Why It’s Important


Cemtrex Inc. [NASDAQ: CETX] closed the trading session at $0.77 on 12/29/21. The day’s price range saw the stock hit a low of $0.77, while the highest price level was $0.88. The company report on December 7, 2021 that Cemtrex to Present at the Imperial Capital 2021 Security Investor Conference.

– Cemtrex Inc. (NASDAQ: CETX, CETXP, CETXW), a technology company driving innovation in Internet of Things (IoT), security, machine vision & artificial intelligence, and augmented & virtual reality, today announced that management will present at the Imperial Capital 2021 Security Investor Conference taking place December 14-15, 2021 at the Intercontinental New York Barclay in New York.

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Cemtrex CEO Saagar Govil is scheduled to host a presentation during the conference as follows and will participate in one-on-one investor meetings throughout the day, where he will discuss the Company’s security business outlook among other ongoing business initiatives.

The stocks have a year to date performance of -42.63 percent and weekly performance of -11.92 percent. The stock has been moved at -48.71 percent over the last six months. The stock has performed -26.24 percent around the most recent 30 days and changed -33.23 percent over the most recent 3-months.

If compared to the average trading volume of 3.99M shares, CETX reached to a volume of 2316370 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Cemtrex Inc. [CETX]:

Taglich Brothers have made an estimate for Cemtrex Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on March 01, 2017.

The Average True Range (ATR) for Cemtrex Inc. is set at 0.07, with the Price to Sales ratio for CETX stock in the period of the last 12 months amounting to 0.41. The Price to Book ratio for the last quarter was 0.49, with the Price to Cash per share for the same quarter was set at 0.65.

CETX stock trade performance evaluation

Cemtrex Inc. [CETX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -11.92. With this latest performance, CETX shares dropped by -26.24% in over the last four-week period, additionally sinking by -48.71% over the last 6 months – not to mention a drop of -40.88% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CETX stock in for the last two-week period is set at 30.78, with the RSI for the last a single of trading hit 25.92, and the three-weeks RSI is set at 34.50 for Cemtrex Inc. [CETX]. The present Moving Average for the last 50 days of trading for this stock 1.0915, while it was recorded at 0.8297 for the last single week of trading, and 1.3313 for the last 200 days.

Cemtrex Inc. [CETX]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Cemtrex Inc. [CETX] shares currently have an operating margin of -9.27 and a Gross Margin at +44.50. Cemtrex Inc.’s Net Margin is presently recorded at -20.96.

Return on Total Capital for CETX is now -9.16, given the latest momentum, and Return on Invested Capital for the company is -25.52. Return on Equity for this stock declined to -35.12, with Return on Assets sitting at -16.86. When it comes to the capital structure of this company, Cemtrex Inc. [CETX] has a Total Debt to Total Equity ratio set at 71.95. Additionally, CETX Total Debt to Total Capital is recorded at 41.84, with Total Debt to Total Assets ending up at 34.82. Long-Term Debt to Equity for the company is recorded at 46.83, with the Long-Term Debt to Total Capital now at 27.23.

Reflecting on the efficiency of the workforce at the company, Cemtrex Inc. [CETX] managed to generate an average of -$31,023 per employee. Receivables Turnover for the company is 5.27 with a Total Asset Turnover recorded at a value of 0.80.Cemtrex Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.70 and a Current Ratio set at 2.30.

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Cemtrex Inc. [CETX]: Insider Ownership positions

There are presently around $1 million, or 7.80% of CETX stock, in the hands of institutional investors. The top three institutional holders of CETX stocks are: VANGUARD GROUP INC with ownership of 620,697, which is approximately 3.9% of the company’s market cap and around 5.62% of the total institutional ownership; GEODE CAPITAL MANAGEMENT, LLC, holding 157,012 shares of the stock with an approximate value of $0.13 million in CETX stocks shares; and RENAISSANCE TECHNOLOGIES LLC, currently with $68000.0 in CETX stock with ownership of nearly -20.749% of the company’s market capitalization.

Positions in Cemtrex Inc. stocks held by institutional investors increased at the end of December and at the time of the December reporting period, where 7 institutional holders increased their position in Cemtrex Inc. [NASDAQ:CETX] by around 136,298 shares. Additionally, 3 investors decreased positions by around 23,929 shares, while 6 investors held positions by with 957,247 shares. The mentioned changes placed institutional holdings at 1,117,474 shares, according to the latest SEC report filing. CETX stock had 3 new institutional investments in for a total of 47,571 shares, while 1 institutional investors sold positions of 14 shares during the same period.